The resolution authorizes Senator King to introduce a nonappropriation bill aimed at amending the Arkansas Data Centers Act of 2023 and the Uniform Money Services Act. The proposed amendments include the repeal of a provision that exempts individuals engaged in home digital asset mining or operating a digital asset mining business from being classified as money transmitters under the Uniform Money Services Act. This change seeks to clarify the regulatory framework surrounding digital asset mining activities in Arkansas.

Additionally, the resolution proposes to amend the definition of "money transmission" within the Uniform Money Services Act to explicitly include home digital asset mining and operations under the Arkansas Data Centers Act. Furthermore, it establishes a requirement for individuals engaged in these activities to apply for licensure under the Uniform Money Services Act by September 1, 2026, ensuring that such operations are regulated and compliant with state laws.

Statutes affected:
SR 10: 14-1-604(e), 23-55-102(15)